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🍝 Portion of Daily Gas Used by Backrunning Bot Contracts

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Dr. Mia von Steinkirch 2022-10-15 17:52:54 -07:00 committed by GitHub
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back_running/README.md
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<br>
---
### strategy
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* the bot swoops in and buys as many tokens as possible (but not all them as there needs to be an opportunity for others to buy tokens)
* the bot waits for the price to go up and other traders buy the token from uniswap and proceeds to sell back the tokens at a higher price
* the key strategy is to be the first to buy tokens, but only after it has been launched.
<br>
---
### data
<br>
* [dune for Portion of Daily Gas Used by Backrunning Bot Contracts](https://dune.com/phabc/backrunning-bots-gas-consumption)